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Inwood Village
Brick and Hardie Siding
Brick and Hardie Siding
Recent Renovations
Recent Renovations
Gated Neighborhood
Gated Neighborhood
Key Property and Financial Details:
Key Property and Financial Details:
Property Type: Multi-Family Portfolio (3 four-unit buildings)
Location: Inwood Village submarket, Houston, TX
Asking Price: $1,245,000
Price/Unit: $103,750
Total Units: 12 (4 units per building: #2, #36, #43)
Living Area: 11,253 SF
Year Built: 1983
Unit Mix: 1/1 (6 units), 2/2 (3 units), 3/2 (3 units)
Projected Cap Rate: 8.0% – 10.0%
Investment Highlights:
Investment Highlights:
Stabilized Asset: Provides immediate cash flow.
Recent Renovations: Includes new kitchens, flooring, full appliances, 95% PEX plumbing, new A/C & air handlers, and Hardy siding.
Value-Add Opportunity (HHA Upside): The portfolio can achieve a higher Net Operating Income (NOI) and implied value by transitioning units to Houston Housing Authority (HHA / Section 8) leases.
Market Basis NOI: $100,080
HHA Basis NOI: $115,392
Portfolio Upside: +$191,400 in implied value and a 1.3% Cap Improvement by transitioning to HHA-supported leases.
Community and Unit Features:
Community and Unit Features:
Community: Gated neighborhood with security patrols, staffed management office, low HOA dues, common grounds maintenance, and HOA master insurance.
Units: Feature cathedral ceilings, individual unit entrances, private porch areas, and renovated interiors. 10 units include washers/dryers.
Location Access: Excellent access to I-45 and 610, providing direct routes to major employment centers.
Summary:
Inwood Village is a renovated 12‑unit multifamily investment in Houston, Texas. It consists of three four‑plex buildings with updated kitchens, flooring, appliances, PEX plumbing, central A/C, and 2023 Certificates of Occupancy. All tenants are month‑to‑month or vacant, offering immediate repositioning to market rents. The property is located in a strong rental submarket with high demand and remote management potential. Investors can achieve an 8%+ cap rate, below replacement cost.
Summary:
Inwood Village is a renovated 12‑unit multifamily investment in Houston, Texas. It consists of three four‑plex buildings with updated kitchens, flooring, appliances, PEX plumbing, central A/C, and 2023 Certificates of Occupancy. All tenants are month‑to‑month or vacant, offering immediate repositioning to market rents. The property is located in a strong rental submarket with high demand and remote management potential. Investors can achieve an 8%+ cap rate, below replacement cost.
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